Global Water Heater Market: Industry Analysis and Forecast (2021-2027) by Type, Application, and Region

Global Water Heater Market size was valued at US$ 28.45 Bn. in 2020 and the total revenue is expected to grow at a CAGR of 4.0% through 2021 to 2027, reaching nearly US$ 37.44 Bn.

Global Water Heater Market Overview:

The Global Water Heater market was valued at US $28.45 Bn. in 2020, and it is expected to reach US $37.44 Bn. by 2027 with a CAGR of 4.0% during the forecast period. A water heater also called a geyser is a heating device that uses energy from various external sources and transfers it to heat the water. Water heaters are available in various types such as gas-based water heaters, instant water heaters, storage water heaters, and solar water heaters. Global Water Heater Market To know about the Research Methodology :- Request Free Sample Report Though market forecasting through 2027 is based on real output, demand and supply of 2020, 2020 numbers are also estimated on real numbers published by key players as well all important players across the world. Market forecasting till 2027 is done based on past data from 2016 to 2019 with the impact of global lock down on the market in 2020 and 2021.

Global Water Heater Market Dynamics:

The rising disposable income of the consumers coupled with improved lifestyle is boosting the water heater market. A growing concern among consumers regarding natural resources and energy is inspiring the consumers to shift towards the energy-efficient water heating systems that are driving the global water heater market growth. The use of a diverse range of water heaters in both the commercial and industrial sectors is expected to drive product demand. The market is expected to grow due to rising hot water demand, mostly from hospitals and hotels. In addition, increased use of the product in various manufacturing industries, such as food and beverage processing and chemical industries, is expected to drive demand for water heaters. Electric water heater demand is expected to be boosted by significant investments in product development and innovations. The advent of new products and technologies by major manufacturers improves the consumer experience while lowering operating costs. The introduction of products with corrosion resistance, water filtration, remote control, and monitoring functions is expected to enhance market growth. The growth can be attributed to the increasing demand for energy-efficient water heater systems. Solar power seems to be the best solution, which is uniquely capable of generating clean energy at a low cost. Growing awareness of the benefits of energy conservation by solar power is also driving the water heater market.

Global Water Heater Market Segment Analysis:

The Global Water Heater Market is segmented by Type, and Application. Based on the Type, the market is segmented into Gas, Storage, and Solar. Storage water heater segment is expected to hold the largest market share of xx% by 2027. Storage water heater provides plenty of benefits such as it saves the energy, easy to install, technologically advanced, it is low-cost, and others. These are the key benefits that drives the growth of the Storage water heater segment in the global market during the forecast period 2021-2027. Solar water heaters is expected to grow rapidly at a CAGR of 4.7% during the forecast period 2021-2027. This is due to the rising focus of numerous product manufacturers on developing new systems and technologies that work with maximum efficiency is expected to drive the growth of the solar water heaters in the global market during the forecast period. Global Water Heater Market 1 Based on the Application, the market is segmented into Commercial, and Residential. Residential segment is expected to grow rapidly at a CAGR of xx% during the forecast period. An increasing demand for water heaters in residential due to the growing residential infrastructure development is the key factor that drives the growth of the residential segment in the global market during the forecast period.

Global Water Heater Market Regional Insights:

North America dominates the global Water Heater market during the forecast period 2021-2027. North America is expected to hold the largest market shares of xx% by 2027. Growing demand for energy-efficient systems coupled with new technological advancements to reduce the environmental concerns will boost the water heater market growth. Growing focus towards the tourism and hospitality industries is also booming the water heater market growth. These are the key factor that drives the growth of North America region in the global market during the forecast period 2021-2027. The objective of the report is to present a comprehensive analysis of the Global Water Heater Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also helps in understanding the Global Water Heater Market dynamic, structure by analyzing the market segments and project the Global Water Heater Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Water Heater Market make the report investor’s guide.

Global Water Heater Market Scope: Inquire before buying

Global Water Heater Market
Report Coverage Details
Base Year: 2020 Forecast Period: 2021-2027
Historical Data: 2016 to 2020 Market Size in 2020: US $ 28.45 Bn.
Forecast Period 2021 to 2027 CAGR: 4.0% Market Size in 2027: US $ 37.44 Bn.
Segments Covered: by Type • Gas • Storage • Solar
by Application • Commercial • Residential

Global Water Heater Market, by Region

• North America • Europe • Asia Pacific • South America • Middle East and Africa

Global Water Heater Market Key Players

Rinnai CorpHeat Transfer Products Inc. • Bradford White Corp. • Noritz Corp. • Crompton Greaves Ltd. • Haier Water Heater Co. Ltd. • Ariston Thermo SPA. • Rheem Manufacturing Co. • Siemens AG • O. Smith Corp. • GE Co. • Bajaj Electricals Ltd. • Viessmann • Rheem manufacturing • Bradford White • Wagner Solar • Linuo Ritter • Bosch • Racold • V Guard Industries • Himin Solar Energy • Chromagen • Sun Tank • Alternate Energy Technologies

Frequently Asked Questions:

1] What segments are covered in Water Heater Market report? Ans. The segments covered in Water Heater Market report are based on Type, and Application. 2] Which region is expected to hold the highest share in the Global Water Heater Market? Ans. North America is expected to hold the highest share in the Global Water Heater Market. 3] Who are the top key players in the Global Water Heater Market? Ans. Rinnai Corp, Heat Transfer Products Inc., Bradford White Corp., Noritz Corp., Crompton Greaves Ltd., and Haier Water Heater Co. Ltd. are the top key players in the Global Water Heater Market. 4] Which segment holds the largest market share in the Global Water Heater market by 2027? Ans. Storage Water Heater segment hold the largest market share in the Global Water Heater market by 2027. 5] What is the market size of the Global Water Heater market by 2027? Ans. The market size of the Global Water Heater market is US $37.44 Bn. by 2027. 6] What was the market size of the Global Water Heater market in 2020? Ans. The market size of the Global Water Heater market was worth US $28.45 Bn. in 2020.

Global Water Heater Market

1. Preface 1.1. Report Scope and Market Segmentation 1.2. Research Highlights 1.3. Research Objectives 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations Used 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Water Heater Size, by Value (US$) and Volume (Unit). 4. Market Overview 4.1. Introduction 4.2. Market Indicator 4.2.1. Drivers 4.2.2. Restraints 4.2.3. Opportunities 4.2.4. Challenges 4.3. Porter’s Analysis 4.4. Value Chain Analysis 4.5. Market Risk Analysis 4.6. SWOT Analysis 4.7. Key Trends in Global Water Heater Market 4.9. Patent Registration 5. Supply Side and Demand Side Indicators 6. Global Water Heater Market Analysis and Forecast 6.1. Global Water Heater Market Size& Y-o-Y Growth Analysis 6.1.1. North America 6.1.2. Europe 6.1.3. Asia Pacific 6.1.4. Middle East & Africa 6.1.5. South America 7. Global Water Heater Market Analysis and Forecast, By Type 7.1. Introduction and Definition 7.2. Key Findings 7.3. Global Water Heater Market Value Share Analysis, By Type 7.4. Global Water Heater Market Size (US$ Bn) Forecast, By Type 7.5. Global Water Heater Market Analysis, By Type 7.6. Global Water Heater Market Attractiveness Analysis, By Type 8. Global Water Heater Market Analysis and Forecast, By Application 8.1. Introduction and Definition 8.2. Key Findings 8.3. Global Water Heater Market Value Share Analysis, By Application 8.4. Global Water Heater Market Size (US$ Bn) Forecast, By Application 8.5. Global Water Heater Market Analysis, By Application 8.6. Global Water Heater Market Attractiveness Analysis, By Application 9. Global Water Heater Market Analysis, by Region 9.1. Global Water Heater Market Value Share Analysis, by Region 9.2. Global Water Heater Market Size (US$ Bn) Forecast, by Region 9.3. Global Water Heater Market Attractiveness Analysis, by Region 10. North America Water Heater Market Analysis 10.1. Key Findings 10.2. North America Water Heater Market Overview 10.3. North America Water Heater Market Value Share Analysis, By Type 10.4. North America Water Heater Market Forecast, By Type 10.4.1. Gas 10.4.2. Storage 10.4.3. Solar 10.5. North America Water Heater Market Value Share Analysis, By Application 10.6. North America Water Heater Market Forecast, By Application 10.6.1. Commercial 10.6.2. Residential 10.7. North America Water Heater Market Value Share Analysis, by Country 10.8. North America Water Heater Market Forecast, by Country 10.8.1. U.S. 10.8.2. Canada 10.9. North America Water Heater Market Analysis, by Country 10.10. U.S. Water Heater Market Forecast, By Type 10.10.1. Gas 10.10.2. Storage 10.10.3. Solar 10.11. U.S. Water Heater Market Forecast, By Application 10.11.1. Commercial 10.11.2. Residential 10.12. Canada Water Heater Market Forecast, By Type 10.12.1. Gas 10.12.2. Storage 10.12.3. Solar 10.13. Canada Water Heater Market Forecast, By Application 10.13.1. Commercial 10.13.2. Residential 10.14. North America Water Heater Market Attractiveness Analysis 10.14.1. By Type 10.14.2. By Application 10.15. PEST Analysis 10.16. Key Trends 10.17. Key Developments 11. Europe Water Heater Market Analysis 11.1. Key Findings 11.2. Europe Water Heater Market Overview 11.3. Europe Water Heater Market Value Share Analysis, By Type 11.4. Europe Water Heater Market Forecast, By Type 11.4.1. Gas 11.4.2. Storage 11.4.3. Solar 11.5. Europe Water Heater Market Value Share Analysis, By Application 11.6. Europe Water Heater Market Forecast, By Application 11.6.1. Commercial 11.6.2. Residential 11.7. Europe Water Heater Market Value Share Analysis, by Country 11.8. Europe Water Heater Market Forecast, by Country 11.8.1. Germany 11.8.2. U.K. 11.8.3. France 11.8.4. Italy 11.8.5. Spain 11.8.6. Rest of Europe 11.9. Europe Water Heater Market Analysis, by Country/ Sub-region 11.10. Germany Water Heater Market Forecast, By Type 11.10.1. Gas 11.10.2. Storage 11.10.3. Solar 11.11. Germany Water Heater Market Forecast, By Application 11.11.1. Commercial 11.11.2. Residential 11.12. U.K. Water Heater Market Forecast, By Type 11.12.1. Gas 11.12.2. Storage 11.12.3. Solar 11.13. U.K. Water Heater Market Forecast, By Application 11.13.1. Commercial 11.13.2. Residential 11.14. France Water Heater Market Forecast, By Type 11.14.1. Gas 11.14.2. Storage 11.14.3. Solar 11.15. France Water Heater Market Forecast, By Application 11.15.1. Commercial 11.15.2. Residential 11.16. Italy Water Heater Market Forecast, By Type 11.16.1. Gas 11.16.2. Storage 11.16.3. Solar 11.17. Italy Water Heater Market Forecast, By Application 11.17.1. Commercial 11.17.2. Residential 11.18. Spain Water Heater Market Forecast, By Type 11.18.1. Gas 11.18.2. Storage 11.18.3. Solar 11.19. Spain Water Heater Market Forecast, By Application 11.19.1. Commercial 11.19.2. Residential 11.20. Rest of Europe Water Heater Market Forecast, By Type 11.20.1. Gas 11.20.2. Storage 11.20.3. Solar 11.21. Rest of Europe Water Heater Market Forecast, By Application 11.21.1. Commercial 11.21.2. Residential 11.22. Europe Water Heater Market Attractiveness Analysis 11.22.1. By Type 11.22.2. By Application 11.23. PEST Analysis 11.24. Key Trends 11.25. Key Developments 12. Asia Pacific Water Heater Market Analysis 12.1. Key Findings 12.2. Asia Pacific Water Heater Market Overview 12.3. Asia Pacific Water Heater Market Value Share Analysis, By Type 12.4. Asia Pacific Water Heater Market Forecast, By Type 12.4.1. Gas 12.4.2. Storage 12.4.3. Solar 12.5. Asia Pacific Water Heater Market Value Share Analysis, By Application 12.6. Asia Pacific Water Heater Market Forecast, By Application 12.6.1. Commercial 12.6.2. Residential 12.7. Asia Pacific Water Heater Market Value Share Analysis, by Country 12.8. Asia Pacific Water Heater Market Forecast, by Country 12.8.1. China 12.8.2. India 12.8.3. Japan 12.8.4. ASEAN 12.8.5. Rest of Asia Pacific 12.9. Asia Pacific Water Heater Market Analysis, by Country/ Sub-region 12.10. China Water Heater Market Forecast, By Type 12.10.1. Gas 12.10.2. Storage 12.10.3. Solar 12.11. China Water Heater Market Forecast, By Application 12.11.1. Commercial 12.11.2. Residential 12.12. India Water Heater Market Forecast, By Type 12.12.1. Gas 12.12.2. Storage 12.12.3. Solar 12.13. India Water Heater Market Forecast, By Application 12.13.1. Commercial 12.13.2. Residential 12.14. Japan Water Heater Market Forecast, By Type 12.14.1. Gas 12.14.2. Storage 12.14.3. Solar 12.15. Japan Water Heater Market Forecast, By Application 12.15.1. Commercial 12.15.2. Residential 12.16. ASEAN Water Heater Market Forecast, By Type 12.16.1. Gas 12.16.2. Storage 12.16.3. Solar 12.17. ASEAN Water Heater Market Forecast, By Application 12.17.1. Commercial 12.17.2. Residential 12.18. Rest of Asia Pacific Water Heater Market Forecast, By Type 12.18.1. Gas 12.18.2. Storage 12.18.3. Solar 12.19. Rest of Asia Pacific Water Heater Market Forecast, By Application 12.19.1. Commercial 12.19.2. Residential 12.20. Asia Pacific Water Heater Market Attractiveness Analysis 12.20.1. By Type 12.20.2. By Application 12.21. PEST Analysis 12.22. Key Trends 12.23. Key Developments 13. Middle East & Africa Water Heater Market Analysis 13.1. Key Findings 13.2. Middle East & Africa Water Heater Market Overview 13.3. Middle East & Africa Water Heater Market Value Share Analysis, By Type 13.4. Middle East & Africa Water Heater Market Forecast, By Type 13.4.1. Gas 13.4.2. Storage 13.4.3. Solar 13.5. Middle East & Africa Water Heater Market Value Share Analysis, By Application 13.6. Middle East & Africa Water Heater Market Forecast, By Application 13.6.1. Commercial 13.6.2. Residential 13.7. Middle East & Africa Water Heater Market Value Share Analysis, by Country 13.8. Middle East & Africa Water Heater Market Forecast, by Country 13.8.1. GCC 13.8.2. South Africa 13.8.3. Rest of Middle East & Africa 13.9. Middle East & Africa Water Heater Market Analysis, by Country/ Sub-region 13.10. GCC Water Heater Market Forecast, By Type 13.10.1. Gas 13.10.2. Storage 13.10.3. Solar 13.11. GCC Water Heater Market Forecast, By Application 13.11.1. Commercial 13.11.2. Storage 13.12. South Africa Water Heater Market Forecast, By Type 13.12.1. Gas 13.12.2. Storage 13.12.3. Solar 13.13. South Africa Water Heater Market Forecast, By Application 13.13.1. Commercial 13.13.2. Residential 13.14. Rest of Middle East & Africa Water Heater Market Forecast, By Type 13.14.1. Gas 13.14.2. Storage 13.14.3. Solar 13.15. Rest of Middle East & Africa Water Heater Market Forecast, By Application 13.15.1. Commercial 13.15.2. Residential 13.16. Middle East & Africa Water Heater Market Attractiveness Analysis 13.16.1. By Type 13.16.2. By Application 13.17. PEST Analysis 13.18. Key Trends 13.19. Key Developments 14. South America Water Heater Market Analysis 14.1. Key Findings 14.2. South America Water Heater Market Overview 14.3. South America Water Heater Market Value Share Analysis, By Type 14.4. South America Water Heater Market Forecast, By Type 14.4.1. Gas 14.4.2. Storage 14.4.3. Solar 14.5. South America Water Heater Market Value Share Analysis, By Application 14.6. South America Water Heater Market Forecast, By Application 14.6.1. Commercial 14.6.2. Residential 14.7. South America Water Heater Market Value Share Analysis, by Country 14.8. South America Water Heater Market Forecast, by Country 14.8.1. Brazil 14.8.2. Mexico 14.8.3. Rest of South America 14.9. South America Water Heater Market Analysis, by Country/ Sub-region 14.10. Brazil Water Heater Market Forecast, By Type 14.10.1. Gas 14.10.2. Storage 14.10.3. Solar 14.11. Brazil Water Heater Market Forecast, By Application 14.11.1. Commercial 14.11.2. Residential 14.12. Mexico Water Heater Market Forecast, By Type 14.12.1. Gas 14.12.2. Storage 14.12.3. Solar 14.13. Mexico Water Heater Market Forecast, By Application 14.13.1. Commercial 14.13.2. Residential 14.14. Rest of South America Water Heater Market Forecast, By Type 14.14.1. Gas 14.14.2. Storage 14.14.3. Solar 14.15. Rest of South America Water Heater Market Forecast, By Application 14.15.1. Commercial 14.15.2. Residential 14.16. South America Water Heater Market Attractiveness Analysis 14.16.1. By Type 14.16.2. By Application 14.17. PEST Analysis 14.18. Key Trends 14.19. Key Developments 15. Competitive Landscape 15.1. Market Share Analysis, by Company 15.2. Competition Matrix 15.2.1. Competitive Benchmarking of key players by price, presence, market share, Applications and R&D investment 15.2.2. New Product Launches and Product Enhancements 15.2.3. Market Consolidation 15.2.3.1. M&A By Regions, Investment, Applications 15.2.3.2. M&A Key Players, Forward Integration, Backward Integration 15.3. Company Profiles: Key Players 15.3.1. Rinnai Corp 15.3.1.1. Company Overview 15.3.1.2. Financial Overview 15.3.1.3. Product Portfolio 15.3.1.4. Business Strategy 15.3.1.5. Recent Developments 15.3.1.6. Manufacturing Footprint 15.3.2. Heat Transfer Products Inc. 15.3.3. Bradford White Corp. 15.3.4. Noritz Corp. 15.3.5. Crompton Greaves Ltd. 15.3.6. Haier Water Heater Co. Ltd. 15.3.7. Ariston Thermo SPA. 15.3.8. Rheem Manufacturing Co. 15.3.9. Siemens AG 15.3.10. O. Smith Corp. 15.3.11. GE Co. 15.3.12. Bajaj Electricals Ltd. 15.3.13. Viessmann 15.3.14. Rheem manufacturing 15.3.15. Bradford White 15.3.16. Wagner Solar 15.3.17. Linuo Ritter 15.3.18. Bosch 15.3.19. Racold 15.3.20. V Guard Industries 15.3.21. Himin Solar Energy 15.3.22. Chromagen 15.3.23. Sun Tank 15.3.24. Alternate Energy Technologies 16. Primary Key Insights.

About This Report

Report ID 22692
Category Consumer Goods & Services
Published Date Jan 2019
Updated Date Sept 2021
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